London Ontario Real Estate January Update: Sales Hit 12-Year Low

#londonontariorealestate #londonontario #lstar London’s real estate sales plummeted in January, reaching a 12-year low—dropping even below early 2020 levels—as economic uncertainty weighed heavily on the market. Links: January 2025 LSTAR Statistics: https://www.lstar.ca/our-latest-statistics London-area home sales plummet. Donald Trump may be to blame: https://lfpress.com/news/local-news/london-area-home-sales-plummet-donald-trump-may-be-to-blame London-area housing market rebounds as realtors eye 'steady, solid' 2025: https://lfpress.com/news/local-news/london-area-housing-market-rebounds-as-realtors-eye-steady-solid-2025 Bank of Canada rate cut to spur ‘urgency’ in the real estate market: experts: https://www.bnnbloomberg.ca/business/real-estate/2024/12/11/how-will-the-bank-of-canada-rate-cut-impact-real-estate/ Sweeping tariffs could be 3% hit to Canadian economy, even with carve-outs: report: https://www.ctvnews.ca/business/article/sweeping-tariffs-could-be-3-hit-to-canadian-economy-even-with-carve-outs-report/ Diana Mok: https://www.uoguelph.ca/lang/people/diana-mok Despite Trump’s tariff pause, uncertainty looms over Canadian economy: https://globalnews.ca/news/11000705/donald-trump-tariff-pause-canada/ Canada fears lost business with U.S. as trade talks ahead: https://financialpost.com/news/economy/canada-fears-lost-trade-business Trump proposes 'permanently' displacing Palestinians so U.S. can take over Gaza: https://www.cbc.ca/news/world/trump-iran-deport-prisoners-gaza-1.7450362 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.